USDJPY - Weekly forecast

FX:USDJPY   U.S. Dollar / Japanese Yen
40 0 2
As discussed last week in more detail, our bearish view changed to bullish after a technical break above the 7 month Descending Channel . Also note the failed bearish pin bar on Thursday.

This week we will look for price action buy signals on the 1 or 4 hourly charts to target the next horizontal resistance at 106.75
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